Strong Revenue and Premium Growth
Operating revenue exceeded RMB 280 million with gross written premiums and first-year premiums increasing 38% and 31% sequentially, reaching RMB 1.4 billion and RMB 730 million, respectively. Renewal premiums grew 46% sequentially to approximately RMB 710 million.
Significant User Base Expansion
Cumulative number of users surpassed 11 million with 390,000 new clients added during the quarter. The average ticket size for long-term products rose 58% to over RMB 5,400.
AI and Technological Advancements
Huize is integrating AI to enhance productivity and reduce operating expenses, which fell by 29% sequentially. AI-powered smart portal and Xiao Ma Claim's AI agents have improved customer service and claims processing efficiency.
International Expansion and Growth
International brand Poni Insurtech showed strong growth with the Vietnamese operation increasing total policy count by 29%, and gross written premiums and revenue increasing by 35% and 34% year-over-year, respectively.